The world's first text message was sent 20 years ago, in December 1992. SMS offered an inelegant yet somehow inviting user experience: short (160 characters), fast, direct, and universal with just-there-and-just-works availability on all handsets.

SMS texting began to really take off in the late 1990s, growing to rival, and in some cases even surpass, voice usage. It profoundly impacted the way we relate and communicate; touching all aspects of life: friendship, love, business, political activity and more. With an estimated four billion active users of all ages sending and receiving about 8 trillion messages a year, user-to-user and application-related SMS is a key revenue generator for communication service providers (CSPs).

Comverse - A Global Leader in Messaging
Comverse has played a key historical role in the SMS success story. Ranked #1 in overall VAS messaging market share worldwide with a strong second-place SMSC global market share position, Comverse systems annually handle trillions of messages for hundreds of service providers around the globe - including in the world's most messaging-intensive markets.

Looking Ahead: Unleashing New Messaging Value
Alternative types of textual communications, such as instant messaging, social network and other over-the-top messaging options are now augmenting the messaging experience with additional features. These offerings have much merit, yet often lack cross-network interoperability and require a specific brand of device, data plan, proprietary app download and learning curve. For that reason, operator-based messaging continues to hold a key advantage.

"Comverse, which has been delivering significant value to leading CSPs around the globe throughout the history of messaging, now, in the evolution to all-IP environments, leads the way to unleashing new messaging value," said Gani Nayak, Senior Vice President, Systems & Solutions at Comverse.

About Comverse
Comverse is the world's leading provider of software and systems for business enablement through converged billing and active customer management, mobile Internet, value-added and managed services. Comverse's extensive customer base spans more than 125 countries and covers over 450 communication service providers serving more than two billion subscribers. The company's innovative product portfolio enables communication service providers to unleash the value of the network for their customers by making their networks smarter. Comverse's solutions support flexible deployment models, including in-network, cloud, hosted and managed services. Comverse is ranked number 55 in PwC's Global 100 Software Leaders based on research by Pierre Audoin Consultants. For more information, visit www.comverse.com.

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Statements included or incorporated by reference in this press release may contain "forward-looking statements." There can be no assurance that any forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could affect the company include the risks described in the section entitled "Forward-Looking Statements" Item 1A, "Risk Factors" and elsewhere in the company's Registration Statement on Form 10 filed with the SEC on October 10, 2012 or in subsequently filed periodic, current or other reports. The company undertakes no commitment to update or revise forward-looking statements except as required by law.